Chinese luxury consumers say they feel increasingly pressured to buy other items before being offered the chance to nab sought-after Birkin and Kelly bags. The sales tactic is reportedly on the rise at brands like Celine and Rolex, too.

As sanctions take their toll, Russia’s wealthy are turning to luxury jewellery and watches in a bid to preserve the value of their savings.

Pricey watches like Rolex, Patek Philippe and Audemars Piguet are flying off the shelves while customers leave their cheaper counterparts behind.

Baselworld, the luxury watch trade show, is counting on smaller brands to revive the fair after giants like Rolex and Swatch Group AG pulled out in

RepTrak, which uses a complex methodology to evaluate a corporation’s reputation across seven key categories, added several luxury brands to its 2021

Successful modern luxury brands deploy a number of powerful strategies to achieve the perception of exclusivity while moving millions of units. Here’s how it works.

After months of lockdown, sales of luxury goods are estimated to fall as much as 35 percent this year.

The flagging event has already seen high-profile exits including Swatch Group, Patek Philippe and Chanel.